Former Formula One driver turned pundit Karun Chandhok hopes that the $175million budget cap for 2021 onwards will help to entice new teams into the sport. read more »

Williams insists it has put in place a "healthy racing budget" for 2020, despite a drop in prize money earnings and lapse of some sponsorship deals read more »

Claire Williams is unconcerned over Williams' 2020 racing budget despite the departure of a number of high profile sponsors on the back of a poor 2019 season. read more »

Despite losing sponsors for the second successive season, Claire Williams insists that the legendary Grove outfit has no concerns over its racing budget for 2020. read more »

Deputy team principal, Claire Williams, has revealed the team have a "healthy racing budget" for the upcoming 2020 Formula 1 season. read more »

McLaren team principal Andreas Seidl has revealed that that his outfit will run at budget cap level from 2021 as they look to compete with F1's big boys once again. read more »

Though McLaren will be able to achieve the $175m budget limit to be introduced in 2021, Andreas Seidl warns that his team must be "realistic" about the spending war... read more »

McLaren boss Andrea Seidl says that his team will need to run at the full $175million budget cap to catch up with Mercedes, Ferrari and Red Bull in 2021. read more »

McLaren F1 CEO Zak Brown believes the incoming budget cap will only settle down in the sport from 2022 or 2023. read more »

McLaren Formula 1 boss Andrea Seidl says McLaren will try to match the top three teams in 2021 by running to the limit of the budget cap read more »

Ferrari CEO Louis Camilleri has highlighted the importance of the budget cap introduction in Formula 1, warning that the sport will "slowly die" without one. read more »

Ferrari CEO Louis Camilleri says his company's F1 team support the budget cap and have made "sacrifices" to help the smaller teams, because without doing so F1... read more »

Ferrari believes Formula 1 needs to develop a stricter budget cap over time to reinforce the championship's economic viability, otherwise it is "slowly going to die" read more »

Haas principal Guenther Steiner believes increasing the impending budget cap would cause problems, so stop crying about it. read more »

Ferrari expect a "significantly more expensive" 2020 for their Formula 1 team, but plans are in place to up their investment before the 2021 budget cap. read more »

Haas boss Guenther Steiner anticipates a major shuffle in F1 once the 2021 budget cap takes a grip read more »

Haas team principal Guenther Steiner doesn't expect F1's planned shake-up to create major change in the sport until after the first year read more »

Haas principal Guenther Steiner expects the incoming budget cap to force staff out of big teams and trickle down into the midfield. read more »

Steiner says there "will be a point where people will knock on the door" as big teams make budget cuts. read more »

Despite Mercedes set to be one of the hardest hit teams, Valtteri Bottas has backed the plan to introduce a budget cap in 2021. read more »

Formula 1 is in desperate need of a budget cap with Ross Brawn saying the sport will "crash and burn" unless someone pulls the teams into line. read more »

Haas principal Guenther Steiner thinks the budget cap coming from 2021 may reduce performance gaps in F1, but not eliminate them. read more »

Red Bull chief Christian Horner is predicting a "really expensive" 2020 before F1's budget cap is fully imposed a year later.  read more »

If you were among the millions of fans frustrated by the delay in confirming Max Verstappen as winner of the Austrian Grand Prix, things could be about to get a whole lot worse. read more »

McLaren boss Andreas Seidl sees the new budget cap as the only way F1 can provide equal competition read more »